French luxury fashion group Hermes, famed for its exclusive handbags and scarves, said Friday it had created a $12,900 basketball to grace its renovated Los Angeles store.
The blue calf leather ball is hand-stitched and embossed with the house’s trademark H sign along with the inscription Beverly Hills.
The Hermes store on Rodeo Drive opened in 1997. The company recently bought the building and the new store is spread over 10,226 square feet.
1: Gisele Bündchen $42 million
2: Miranda Kerr $7.2 million
3: Adriana Lima $6 million
4: Kate Moss $5.7 million
5: Liu Wen $4.3 million
6: Hilary Rhoda $4 million
7: Carolyn Murphy $3.6 million
8: Joan Smalls $3.5 million
9: Candice Swanepoel $3.3 million
10: Lara Stone $3.2 million
source: Steve Forbes
Moziah Bridges has been in business since 10 years old and is an inspiration to kid entrepreneurs around the world.
According to data collected by MilwardBrown
The top ten Luxury brands:
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Stefano Gabbana (left) Domineco Dolce (right)
ROME (AFP) – An Italian court Wednesday sentenced fashion house duo Dolce and Gabbana to one year and eight months in prison for tax evasion of around one billion euros ($1.33 billion), according to media reports.
Lawyers for Dolce and Gabbana, whose celebrity clients include Beyonce and Madonna, immediately said they will be appealing, and under Italian law the sentence will be suspended in the meantime.
Domenico Dolce and Stefano Gabbana were accused of having transferred control of their brands to a shell company in Luxembourg in 2004 and 2005 to avoid paying Italian taxes.
Prosecutors had argued that setting up the Luxembourg company Gado — an acronym of the surnames of the two designers — while the company was operating out of Italy was a bid to defraud the state.
Investigators completed a probe into the designers, as well as five other people, in 2010 and the case was dismissed in April 2011 but reopened in November last year and went to trial.
Founded in 1985, Dolce and Gabbana employs more than 3,000 people and has 250 shops in 40 countries around the world.
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